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Feedback Q&A on Entrepreneurship

by Ron Kurtus

Readers have sent in a total of 13 comments and questions on Entrepreneurship issues. They are listed according to date.

You can read them to further your understanding of the subject.



List of next 10 letters

Topic

Title

Country

Van Arsdell Business Approach Want to start business selling Stirling engines Pakistan
 
Types of Entrepreneurial Enterprises Planning to start a fast food restaurant Pakistan
 
Case Study of Starting Dell Computers Concerning Dell computer's new strategic plan USA
 

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First 10 letters


Want to start business selling Stirling engines

Topic: Van Arsdell Business Approach

Question

July 16, 2011

I want to start my small business Stirling Engine fan

A bdul - Pakistan

21812

Answer

Although the Stirling engine is quite unique, it is not efficient or powerful enough for practical uses. Thus, it is usually only sold to schools and hobbyists. If you want to start a business, you need to first define who your potential customers are and see what the demand for your product is.

If you can see many people who would want a Stirling engine, and you can get them at a good price, you might be able to start a business selling them.

Having a good demand for a product is important in starting a business.

Best wishes in your efforts.

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Planning to start a fast food restaurant

Topic: Types of Entrepreneurial Enterprises

Question

January 11, 2011

suppose you are planning to start a fast food restaurant. Being an entrepreneur so what are the specific and realistic business objectives and marketing strategy and action programs

kamran - Pakistan

20998

Answer

Location is a very important aspect of a successful fast food restaurant. You need to do some market research to find a place where people go from work for lunch, as well as to see what the competition is in the area. Studying the competition also allows you to determine what type of food to offer that is slightly different (and better) than the competition. It also lets you determine how much you can charge for the food.

This can give you an idea of how much business to expect and how much money you will need until you can earn a profit. It is good to see how long others have been in business and how long the restaurants that failed lasted.

It is usually best to start small and plan to grow as business increases through word-of-mouth and other advertising. Starting small reduces the amount of money needed to get the business off the ground.

If you have good food at a reasonable price and in a good location, your fast food restaurant should succeed. Best wishes on achieving your dream.

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Concerning Dell computer's new strategic plan

Topic: Case Study of Starting Dell Computers

Question

February 2, 2010

Consider Dell computer strategic plan to move from direct to retailing only to Walmart and Best Buy.What happen to implement this plan?

1) People – Were new skills needed within Dell? Did they need to hire?

2) Strategy – How is this going to get done? What is different about this business model? What does Dell need to do differently?

3) Operations – What needs to be different in the operations of the business? Consider selling, distribution, marketing, etc.

Kimberly - USA

19150

Answer

After the success of Dell Computers, Michael Dell retired from running the company. However, competition and lack of quality ate away at Dell's market share. Dell returned to take charge of the company and decided to try selling their computers through retail outlets, besides online sales.

We do not have details of changes made within Dell or of their new business strategy.

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Summary

Hopefully, this reader feedback has helped provide information about Entrepreneurship issues.


Start a business


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